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Qualcomm finishes $120 million investment in Sharp, becomes third-largest investor
Chipmaker Qualcomm has finalized its investment in beleaguered display manufacturer Sharp. Announced back in December 2012 and totaling $120 million, the second portion of the investment was delayed earlier this year when Sharp failed to satisfy conditions for the investment. Sharp's now confirmed the transaction, which gives Qualcomm a 3.53 percent share of the display maker, and will presumably increase its involvement on new screen tech being developed between the two companies. The combination of Qualcomm's MEMs display products and Sharp's high-resolution IGZO screens will apparently make its way into a number of devices in varying sizes. Qualcomm isn't the only company with a vested interest in Sharp's recovery, either -- Samsung also holds a 3 percent stake.
Filed under: Displays
Source: Sharp (PDF)
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